PPT-A Booming Economy The Business of Government

Clash of Values The New Mass Culture The Harlem Renaissance The Twenties 19191929 The Jazz Age 4 Major Trends of the 1920s 1 The 1920s were a time of great prosperity 2 The 1920s were a time of . Political economy = interaction between the economy and government. Chapter 2. Impact corporations have on politics. Chapter 3. History of American Political Economy. Government’s role in sustaining capitalism. How is a Centrally planned Economy Organized?. Direct contrast to free market economy. Central government answers key economic questions. Government owns factors of production, set quotas on what to produce. How did the booming economy of the 1920s lead to changes in American life? • During the 1920s, the American economy experienced tremendous growth. Using mass production techniques, workers produc Government Intervention. In a market economy, individuals (businesses, corporations, etc) , along with the forces of supply and demand, answer the basic problem of scarcity.. However, there are many cases in free market economies where the government has chosen to become involved in the economy.. How the Government influences how I make money.. Take out a sheet of paper and answer the following questions:. What are Goods?. What are Services?. What are Resources?. What is Scarcity?. All Economic Systems Must Consider the Following Questions:. IV. Fiscal and Monetary Policy. Objectives. Describe the overall goals of the Federal Government’s actions in the economy.. Explain the features and purposes of fiscal policy.. Explain the features and purposes of monetary policy.. Economics is the study of how individuals, businesses and nations…. Make things. Buy things. Spend money. Save money. People who study economics are called economists.. People have both wants and needs.. Chapter 16. Section . 1: . Government . Intervention in the Economy. Our U.S. economy is a . capitalistic. economy. . Private . citizens . own. and use the factors of production to seek a profit.. Scarcity – The . basic economic problem that arises because people have unlimited wants but resources are limited. The government can protect a free market economy by maintaining a stable currency, tax breaks to proprietorships, law and order…. Chapter 2. Understanding Basic Economics. Copyright © 2017, . 2015, 2013 Pearson . Education, Inc. All Rights . Reserved. Introduction. This chapter offers. A brief introduction to economics from a business professional. How do I differentiate between the different types of economies?. What is the most effective economy system? Explain.. Essential Question. THOUGHT QUESTION:. ARE THERE STRENGTHS AND WEAKNESSES IN EACH ECONOMIC SYSTEM?. © 2015 McGraw-Hill Education.. . CHAPTER 1. The Dynamics of Business and Economics. CHAPTER 2. Business Ethics and Social Responsibility. CHAPTER. 2 . APPENDIX . The Legal and Regulatory Environment. 1. GBM. March 2020. Work in progress. Problem statement. Key Challenges. Deepening levels of poverty. High. and stubborn rate of . unemployment, especially youth unemployment. Extreme. inequality. Negative total factor productivity growth since...